answersLogoWhite

0

The extended term benefit option typically extends long-term care coverage beyond the original benefit period, usually for an additional specified number of years or until a specified lifetime maximum benefit is reached, depending on the terms of the policy.

User Avatar

AnswerBot

1y ago

What else can I help you with?

Continue Learning about Gerontology

What is graduated life insurance?

You might mean one that pays limited benefits the first few years and increases year by year to pay the full amount. This is often done, when there are no other options due to poor health history.


Should older people get term or whole life insurance?

It generally depends on the individual's needs, budget, and goals. Term life insurance may be more affordable and suitable for covering a specific time frame with high coverage needs, while whole life insurance offers lifelong coverage and a cash value component that could be useful for estate planning or final expenses. Consulting with a financial advisor can help determine the best option for older individuals.


How do you find out information on a vested retirement plan benefit with Hughes Tool Division?

You can contact the HR department or the retirement plan administrator at Hughes Tool Division to inquire about your vested retirement plan benefits. They should be able to provide you with information on the status of your plan, the amount of your vested benefit, and any other relevant details.


What is the best retirement option?

The best retirement option depends on individual goals, risk tolerance, and financial situation. Common options include 401(k) plans, IRAs, Roth IRAs, and pension plans. It is advisable to consult with a financial advisor to determine the best option for your specific needs.


Which of the following are advantages to Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan?

Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan benefit from matching contributions from the government, portability of funds upon separation from the military, and the option to contribute their own funds to further grow their retirement savings.

Related Questions

What is the benefit of choosing extended term as a nonforfeiture option?

it has the nighest amount


What are some auto warranty coverage options?

Auto warranty coverage is a necessity when buying a new or used car. The warranty usually covers parts and repairs for the first 3 years or 36,000 miles. There is also an option to take an extended warranty which will extend the length of the time period.


Viking range extended warranty?

If you already purchased it in the past you will be unable to extend your warranty. This option is only available at point of sale.


Benefit of choosing Extended Term Insurance as a nonforfeiture option?

It has the highest amount of Insurance Protection; Under this option the insurer uses the policy cash value to convert to term insurance for the same face amount as the former permanent policy. The duration of the new term coverage lasts for as long a period as the amount of cash value will purchase.


How do electronics extended warranties compare in terms of coverage and cost across different retailers and manufacturers?

Electronics extended warranties vary in coverage and cost depending on the retailer and manufacturer. Some retailers may offer more comprehensive coverage at a higher cost, while others may provide basic coverage at a lower price. It's important to compare the terms and prices of warranties from different sources to find the best option for your needs.


What are the benefits of instant coverage life insurance and how quickly can I obtain coverage?

Instant coverage life insurance offers the benefit of quick approval without the need for a medical exam. You can typically obtain coverage within minutes to a few days, making it a convenient option for those who need immediate protection.


What is an increasing death benefit option?

The death benefit options may vary depending upon the type of life insurance purchased and the available policy provisions. A basic death benefit will provide a face amount or specified amount that remains level throughout the period of coverage. Other death benefit options provide for an increasing death benefit that includes a specified amount in addition to the accumulated cash value in the policy. Another type of death benefit option may provide for a return of premium payments in addition to the specified amount of coverage. See link for source


Do lg appliances come with extended warranties?

All LG appliances come with manufacturer's warranties, which cover the product for 3 - 5 months. Most LG products do have the option of purchasing an additional extended warranty, and prices vary depending on the product and coverage.


Joint and survivor life income option?

When you have partnership in a business. You can use that kind of option in which means: both are in a coverage under a policy that stipulate no benefits will be paid up to, both, die. And the beneficiaries will receive the benefit to pay business expenses.


Does at t wireless offer a no contract option for coverage?

ATT wireless does offer a no contract option for coverage. It is called "Go Phone". With this option you pay a monthly fee with no annual contract.


What is the forgone benefit of choosing option A over option B?

The forgone benefit of choosing option A over option B is the potential advantages or rewards that could have been gained by selecting option B instead.


What is an Extended service plans?

Manufacturers have a warranty period where repairs are covered. The extended warranty is usually sold by the retailer to extend that plan and provide additional coverage for the device you purchased. One of the drawbacks of the extended warranty is that it usually runs concurrent with the manufacturer's warranty period, and in essence, you're paying for a warranty on a warranty for a period of time. Some retailers may allow you to hold off on making the purchase on the extended warranty until the manufacturer's warranty runs out. If you can choose this option and wait, it might save you as much as a third of the cost and buy you some extended time. The trick is to remember to follow through at the appropriate time. If you're purchasing one of the new digital TV's, (trust me on this)...you'll probably need the extended warranty.